Mubadala Capital launched a $75 million tokenized fund that operates across multiple blockchain networks, including Solana, Base, and Sui. The fund, called MCAS-TA, opened on July 23, 2026, turning private market exposure into digital assets accessible on-chain.
Bringing Private Markets to the Blockchain
The investment wing of Abu Dhabi's Mubadala Investment Company, which manages around $430 billion in assets, aims to simplify access to traditionally illiquid and exclusive private market funds. These funds usually come with high minimum investments and complex onboarding, but tokenization changes that by embedding compliance, ownership tracking, and transfer rules directly on the blockchain.
Instead of relying on spreadsheets and manual processes, smart contracts automate eligibility checks and enable secondary market transfers that were previously rare or impossible. This step is noteworthy as Coinbase's Base network integrates regulated tokenized assets into institutional treasury management for the first time.
The technical backbone for this fund comes from KAIO, a UAE-based tokenization platform that has been working with Mubadala Capital since December 2025. KAIO also supports tokenized products from BlackRock and Hamilton Lane, with total locked value across those offerings ranging between $150 million and $200 million. The addition of Mubadala’s fund significantly raises these figures.
Deploying the fund across three distinct blockchains serves different needs: Solana attracts a growing number of institutional investors with its high throughput. Base integrates smoothly with Coinbase's compliance and custody systems, while Sui, known for its unique object-based data model, better handles complex financial instruments.
The $75 million raised at launch signals growing institutional confidence in tokenized private market investments and could accelerate the adoption of blockchain-based financial products in this space.
This material is for informational purposes and does not constitute financial advice.
